Everywhere you look there is good news for Americans' paychecks

Slow wage growth has been among the biggest problems for the
American economy over the past several years.
Wages are finally rising, however, and they're starting to
grow faster and faster.

No matter which tracker you use, everything is looking a little
rosier.

The basic measure —
average hourly earnings from the monthly jobs report — has
hit cycle highs three times in the past five months and has been
accelerating of late.

Additionally, the employment cost index (considered to be the
most comprehensive measure of wages) has been moving upward
over the past few years.

Other measures of wages have also increased at a more rapid pace
recently, according to JPMorgan economist Robert Mellman. He
highlights two measures: the Bureau of Labor Statistics' usual
weekly earnings survey and the Federal Reserve of Atlanta's wage
tracker.

Usual weekly
earnings: "Although the series is inherently volatile,
median usual weekly earnings has been accelerating irregularly
from 1.9% average gains in 2014 to 2.3% in 2015 and 2.8% [year
over year] in 1Q16."

Atlanta Fed wage
tracker:"The Atlanta Fed wage tracker also has
been accelerating, from 2.7% growth in 2014 to 3.3% in 2015 and
3.4% [year over year] in the latest April reading."